{"id":446290,"date":"2017-12-12T16:00:31","date_gmt":"2017-12-12T16:00:31","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/12\/12\/sports-fund-betting-companies-could-be-taxed-to-generate-revenue-sports-ministry\/"},"modified":"2017-12-12T16:00:31","modified_gmt":"2017-12-12T16:00:31","slug":"sports-fund-betting-companies-could-be-taxed-to-generate-revenue-sports-ministry","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/12\/12\/sports-fund-betting-companies-could-be-taxed-to-generate-revenue-sports-ministry\/","title":{"rendered":"Sports Fund: Betting companies could be taxed to generate revenue &#8211; Sports Ministry"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Sports News of Tuesday, 12 December 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>citifmonline.com<\/p>\n<p>2017-12-12<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/09\/58998213.295.jpg\" alt=\"Isaac Asiamah 3\" title=\"Isaac Asiamah 3\" width=\"295\" height=\"197\" \/><span class=\"image_caption\"><span>Minister of Youth and Sports, Isaac Asiamah<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125813921649\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125813921649\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/1513094431_315_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">The Ministry of Youth and Sports is set to hold a Stakeholders Forum on Thursday as part of efforts to establish the National Sports Development Fund.<\/p>\n<p>The Fund, which is geared towards finding alternative sources of funding for the Ministry was backed by the Finance Ministry during the 2018 Budget reading last month.<\/p>\n<p>According to the Public Relations Officer of the Sports Ministry, Elvis Adjei Baah, the fund will seek to generate revenue through the possible taxation of Sports betting companies in the country among others.<\/p>\n<p>\u201cThere has been a lot of talk on sources of funding for the fund, and taxing is one thing that has been discussed.<\/p>\n<p>\u201cSports Lottery has also been discussed as other countries make money from their lotteries, with Kenya as a major example.<\/p>\n<p>\u201cIf you look at the activities of the sports betting companies, they could be a major contributor to the fund. There have been discussions on taxation of these companies, so we will see what will happen,\u201d he said.<\/p>\n<p>He however failed to put a timeline on when the fund would become fully functional.<\/p>\n<p>\u201cIt is difficult to put timelines on it because some of the proposals will have to go through legal, and in some cases, parlia1mentary procedures. It will take time but it will surely come to fruition.<\/p>\n<p><!-- uploaded by: 55 updated by: 55 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sports News of Tuesday, 12 December 2017 Source: citifmonline.com 2017-12-12 Minister of Youth and Sports, Isaac Asiamah The Ministry of Youth and Sports is set to hold a Stakeholders Forum on Thursday as part of efforts to establish the National Sports Development Fund. The Fund, which is geared towards finding alternative sources of funding for [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":417151,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-446290","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sports Fund: Betting companies could be taxed to generate revenue - Sports Ministry - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/12\/12\/sports-fund-betting-companies-could-be-taxed-to-generate-revenue-sports-ministry\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Sports Fund: Betting companies could be taxed to generate revenue - Sports Ministry - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Sports News of Tuesday, 12 December 2017 Source: citifmonline.com 2017-12-12 Minister of Youth and Sports, Isaac Asiamah The Ministry of Youth and Sports is set to hold a Stakeholders Forum on Thursday as part of efforts to establish the National Sports Development Fund. 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